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Goldusd

🥇Gold🥇 Analyze (12/07/2022)!!!🌊Gold was able to complete the 5 impulsive waves on the resistance zone and is now making the zigzag correction. When I found the Shooting Star Candlestick Pattern at PRZ(Price Reversal Zone), it seemed we had passed the end of wave B. I expect Gold will go down to the 🎯targets🎯 that I specified in my chart and complete the zigzag correction. Gold Analyze ( XAUUSD ), Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
1
GOLD (XAUUSD): Key Levels to Watch This Week🥇 Hey traders, Here is my structure analysis for Gold for this week. Resistance 1: 1801 - 1810 area Resistance 2: 1856 - 1857 area Resistance 3: 1871 - 1879 area Support 1: 1757 - 1764 area Support 2: 1727 - 1741 area The price has nicely respected Resistance 1 and dropped from that. Now, everything depends on the reaction of the price to Support 1. Watch carefully and consider the underlined structure for pullback / breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
11
GOLD Weekly Volatility Analysis 5-9 Dec 2022 GOLD Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 2.11%, down from 2.17% last week according to GVZ data With this in mind, currently from ATR point of view we are located in the 0th percentile, while according to GVZ, we are on 14th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 1.6% movement Bearish: 1.81% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 22.3% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 1836 BOT: 1760 Taking into consideration the previous weekly high/low, currently for this candle there is : 70% probability we are going to touch previous high of 1805(already done) 30% probability we are going to touch previous low of 1740 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates 50% BULLISH trend Daily timeframe indicates 80% BULLISH trend 4H timeframe indicates 66.3% BULLISH trend
TVC:GOLD
by exlux
GOLD: BIG PICTURE & LONG TERM ANALYSISLet's look at the weekly chart for GOLD. For that it's important to analyse all technical aspects and keep an open mind. Long term investors will see 2 major patterns here: 1. a major kind of rising wedge (red lines): price is evolving between the 2 red lines since 2008, forming a rising wedge when you connect the highs and lows. What does it mean from a technical point of view? Although the price is in an up-trend, a rising wedge is generally a bearish signal as it indicates a possible reversal during this up-trend. Rising wedges indicate the likelihood of falling prices after a breakout through the lower trend line. As every technical pattern, it does not mean it will materialise, but at least it gives you clear levels of supports and resistances. Even if this bearish pattern materialises, the wedge can extend until 2030, so Gold can rise way more before falling. 2. a massive cup and handle: A cup and handle price pattern is a technical indicator that resembles a cup with a handle. As you can see on the chart, the cup formed from 2011 to 2020, while the handle has been forming since 2020 until now. A cup and handle is considered a bullish signal extending an uptrend. After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward. This is exactly what we are seeing now (blue dotted lines). The blue dotted lines are giving you short term supports and resistances levels. Use these to trade GOLD on a shorter time frame. The handle represents the final pullback before the big breakout and can retrace up to 1/3 of the cup's advance. Sometimes it can retrace up to 1/2 but not more. I have added the Fibonacci retracements on the chart, Gold has retraced 0.382, which is ideal for a bounce. The target of a cup and handle is the height of the cup added to the breakout point (the neckline) of the handle. The neckline is the upper red line of the rising wedge. If we project the height of the cup we get a target zone between $3400 and $3500. We could see Gold consolidating a bit more within the blue dotted line channel. As long as we do not fall below the max retracement zone and lower red line, the formation is bullish long term. A break upwards of the blue dotted line channel would trigger a long trade to the red line. A break of the upper red line would confirm the cup and handle pattern. A break of the lower red line won't be good at all for bulls. Note that the above analysis is purely based on technicals and do not take into consideration fundamentals.
TVC:GOLDLong
by Elpidaldo
Gold (XAUUSD): Important Resistance Ahead 🟡 Hey traders, Bullish run on Gold continues. This week was very bullish again. Ahead, I see a significant structure. 1790 - 1810 is a weekly supply area from where I will expect a pullback. Next week, monitor the reaction of the price to the underlined zone on lower time frames and wait for a confirmation to sell. Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
20
TRADE OF THE WEEK | Gold Trading 💰 Hey guys, We have spotted earlier a very important horizontal daily demand cluster. We discussed that probabilities would be high that the price would bounce from that. Seeking for a confirmation, we spotted a double bottom formation on 4H. A long position was opened on a retest. Then, a strong bullish movement initiated. Great winner and perfect trade. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
4
Gold Target 1 approaching and already excited about T2 $1958Gold is showing strong upside to come... We did the analysis of the W Formation on 21 November 2022 and it looks like our Target 1 will hit soon. While the analysis has been shaping nicely, another CUp and Handle formation has formed on a larger scale. This time the second target will be at $1,958. INvestors are feeling more confident with the precious metal compared to Global stocks, crypto and the US dollar. And what better way than to spend bonuses, spare money and investments on is Gold. The eternal Safe haven. I'm very happy about this as it's the most stable, safest place to be right now amongst the muck with the global economies. Bullish bullion here.
COMEX:GC1!Long
by Timonrosso
2
GOLD (XAUUSD): Your Trading Plan Explained🥇 On a today's live stream with my students, we discussed Gold. The market is currently approaching a key daily resistance. Analyzing a 4H time frame, I spotted a completed double top pattern. 1795 - 1797 is its neckline. Wait for its bearish breakout (4h candle close below), sell aggressively or on a retest then. Target will be 1786. Alternatively, if the price sets a new higher high on 4H, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
11
XAUUSD - daily bullish setupHello everyone! Gold seems to create another daily impulse on this uptrend, after retesting the EMAs and the previous resistance turned in support now. The price action is bullish on 4H and W as well, closing above the EMAs on all timeframes and retesting the previous resistance on 4H. Another confluence factor is the MACD indicator which also indicates a bullish move, so combining all the factors, we can expect the price to go up to at least 1801, which is the weekly resistance.
OANDA:XAUUSDLong
by m_maia14